Home Homes for Sale 49 Nelson St, New Bedford MA 02744
Price cut: $55K

$725,000
$179/sqft · New Bedford, MA
12Beds
6Baths
4,044Sqft
0.07 acresLot Size
49 Nelson St, New Bedford MA 02744
Active Under Contract Listed 61 days ago
5-9 Family Built in 1892 0.07 Acre Lot

What's Special

5-9 FamilyBuilt in 18921 FireplacePrice Reduced

49 Nelson Street presents a strong six-unit multifamily opportunity in New Bedford with in-place income and established occupancy.The property offers six 2-bedroom $7150/month, or $85800 annually. With 12 bedrooms, 6 baths, and 4044 sq. ft.,the building also features separately metered units, supporting cleaner utility responsibility and investor underwriting. Conveniently located in the South End of New Bedford with easy highway access and walking distance to beach and pier New Bedford Harbor Walk. this income-producing asset offers immediate rental performance with room for continued long-term ownership upside. Buyer to verify all information and perform due diligence. Rent Roll/unit Details: Unit 1N: $1200, TAW; Unit 1S: $900, TAW; Unit 2N: $1300, Lease; Unit 2S: $1250, TAW; Unit 3N: $1250, TAW; Unit 3S: $1250, Lease

Location

Property Details

Core Details

Property Type5-9 Family
Year Built1892
Parcel NumberM:0020 L:0033,2885210
ZoningRC
Stories5
MLS #73558522

Space & Sizing

Living Area4,044 sqft
Above Grade4,044 sqft
Total Rooms25
Bedrooms12
Bathrooms6
Lot Size0.07 acres

Features & Systems

Open Parking0
Fireplaces1
FoundationConcrete Perimeter
SewerPublic Sewer
Water SourcePublic

Features & Amenities

1 Fireplace
Community Features
Highway Access Public Transportation
Levels
5
Lot Features
Level
Lead Paint
Certified Treated Unknown

Additional Information

Directions: Group showings available by appointment only. Email listing broker.

Financial Details

Annual Taxes$5,834 (2025)
Assessed Value$515,800
Gross Income$70,800
Net Operating Income$70,800
Tax Book Number13557
Listed on Aug 3, 2026 Updated Oct 3, 2026 3:18 PM Bristol County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73558522

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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